Good growth in loans to both SMEs and consumers helped Bajaj Finance post a net profit of ₹211.36 crore during the quarter ended June 30, 2014, against ₹175.74 crore in the same period last year.
This translates to a rise of 20 per cent year-on-year. Total income in the two quarters being compared was ₹1,245.96 crore and ₹932.43 crore.
During Q1 FY15, Bajaj Finance acquired 12.5 lakh customers against 9.7 lakh customers in Q1 14, a growth of 29 per cent.
Gross and net NPAs stood at 1.13 per cent and 0.27 per cent, respectively, and the provisioning coverage ratio stood at 76 per cent at the end of June 2014.
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